Tag: conditions of purchase and sale and documents used in foreign trade

Questions Related to conditions of purchase and sale and documents used in foreign trade

NRIs can invest upto 100% equity in high-priority industries, export houses, trading houses, hospitals, and sick-industries. Is this statement true or false?

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. True

  2. False

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Correct Option: A
Explanation:

NRIs/OCBs will be permitted to invest , on non-repatriation basis, in Money Market Mutual Funds (MMMFs) floated by commercial banks and public sector /private sector financial institutions, with authorisation from Reserve Bank of India/Securities and Exchange Board of India (SEBI).

Which among the following is not grouped as Primary product under the commodity composition of India's exports?

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. Agricultural and allied

  2. Ores and minerals

  3. Textiles

  4. All of the above

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Correct Option: C
Explanation:

A textile is a flexible material consisting of a network of natural or artificial fibres. Yarn is produced by spinning raw fibres of wool, flax, cotton, hemp, or other materials to produce long strands.Textiles are formed by weaving, knitting, crocheting, knotting, felting, or braiding.

Trade services can be restricted by the barriers of _____.

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. no such restriction

  2. domestic regulations

  3. RBI

  4. SEBI

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Correct Option: B
Explanation:

Article VI.4 of the General Agreement on Trade in Services (GATS) and the Decision on Domestic Regulation (S/L/70) call upon WTO members to develop any necessary disciplines to ensure that measures relating to qualification requirements and procedures, technical standards and licensing requirements and procedures.

Which of the following gauges the significance of trade in services?

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. Formulation of General Agreement on Trade in Services (GATS)

  2. EXIM Policy

  3. Tarrifs

  4. Customs duty

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Correct Option: A
Explanation:

The General Agreement on Trade in Services (GATS) is among the World Trade Organization's most important agreements. The accord, which came into force in January 1995, is the first and only set of multilateral rules covering international trade in services

In January 2018, Government of India allowed _____ per cent FDI in single brand retail through automatic route

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. 40

  2. 51

  3. 60

  4. 100

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Correct Option: D
Explanation:

A foreign direct investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control.

_________ has emerged as the main categories of India's exports of services.

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. Hardware

  2. Hospitality

  3. Software

  4. Networking

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Correct Option: C
Explanation:

According to the latest Nasscom rankings,Tata Consultancy Services Ltd., Infosys Technologies Ltd. and Wipro Technologies Ltd are the top 3 revenue generators in India. Check out the top ten players in the Indian software industry. Founded in 1968, TCS is one of India's largest corporate houses.

The Trade Agreement has boosted the total trade between India and ASEAN substantially.

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. True

  2. False

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Correct Option: A
Explanation:

ASEAN increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus.It also breaks down domestic monopolies, which face competition from more efficient foreign firms.

Signing of _______ Services Agreement by India, has opened up opportunities of movement of both manpower and investments from either side between India and ASEAN.

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. GAAT

  2. Trade in Services & Trade in Investments

  3. WTO

  4. EXIM

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Correct Option: B
Explanation:

India formally signs Trade in Services & Trade in Investments Agreement with ASEAN. India has formally signed the Trade in Services & Trade in InvestmentsAgreement with ASEAN. The Services Agreement will open up opportunities of movement of both manpower and investments from either side between India and ASEAN.

FDI can include which of the following?

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. Mergers and acquisitions

  2. Building new facilities

  3. Expansion of existing production capacity

  4. All of the above

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Correct Option: D
Explanation:

FDI includes an investor establishes foreign business operations or acquires foreign business assets, including establishing ownership or controlling interest in a foreign company.

'Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars'. State whether this statement is correct.

business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

That amount gets added to the country's GDP. If a nation exports $80 billion of goods and imports $100 billion, it has net exports of minus $20 billion, and that amount is subtracted from the nation's GDP.That means that no nation wants a negative trade balance.